PotashCorp cuts third-quarter guidance

9:15 AM MDT | October 11, 2013 | Rebecca Coons

PotashCorp cut its third-quarter earnings outlook as the market turmoil over the break-up of a major potash cartel caused buyers to defer major purchases. The company expects third-quarter results of approximately 41 cts/share, down from the 45–65 cts/share it forecast in July and 46% below results in the year-ago quarter. Analysts expect 46 cts/share, according to a consensus of estimates compiled by Thomson Reuters (New York). The company reports third-quarter results 24 October. The collapse of the Belarusian Potash Co. (BPC) cartel earlier this year...